We arent mad about this because of the value ofthe sharedrop.
We are mad because of the PRECEDENT it demonstrates, in regards to future sharedrops, which WILL have value.
This sharedrop should be 100% BTS, no fucking shares at all to PTS or AGS because we bought them out.
Any other allocation and I am upset.
Actually IIRC the purpose of the merger was to buy *BM* out, not AGS/PTS. Also, it seems like PLAY, RPC, etc are all deciding to honor AGS/PTS anyway despite what BM said.
What you're saying is that I3 *failed to kill the old social consensus*. How is that their fault?
The bold is what has pissed me off more than anything and nobody mentions this:
BM basically held BTSX hostage. Apparently the shit load of money he/they raised through AGS and the money they have subsequently earned through BTSX wasn't enough to keep BM on board and see the project through. Satoshi gave 2 years before walking and he never took a fucking cent. So I suppose it was quite acceptable to believe we, the shareholders, would get a similar effort and output for the money they "donated".
I suspect that BM is friends with the VOTE guys from before BitShares was ever branded. Either that or he was duped by another salesman a la Brian Page. In the beginning VOTE was just another DAC that would develop on its own using what BM already developed, the BitShares Toolkit. VOTE chose their share allocation and were quite greedy in the amounts they would keep for themselves versus what PTS/AGS would get. No one really cared because VOTE really never had or has any real potential to be a monster DAC. Over beers one night BM was sold on all the shit FMV is doing and that they have their reach so far into California that the sky is the limit. With AGS funds gone, BM bought into their hype and decided he should be working for FMV's VOTE because they will pay him more in the future, and it's a guarantee that FMV can deliver California. BM struggling over whether or not he should pull a FreeTrade and jump ship and get a bigger future payday, or to continue working for the people who's funds he took and which have been all sucked dry, he came up with the hype that merging the two and diluting is the best scenario for all. No one seemed to question why it would be ok for him to abandon "His" (don't give me some DACsun bullshit either) project to make a better competitor? That would be like Google hiring you to develop a program that could risk asses housing insurance through google maps and satellite and public databases then half way through the project you decide to take everything you were paid by Google to do, over to Microsoft and finish building. Now obviously in the real world their are non-compete and non-disclosure agreements, but we don't have that.
Remember: this is all speculation and I have no clue if it is true. I only suspect because we still have no real picture of what the killer monster DAC that only could be achieved through VOTE is or will be. We have also discovered that FMV doesn't answer questions and that FMV is a small fish that just leapt into a Pacific Ocean they thought was a backyard kiddie pool. FMV is a warm fuzzy good idea with no real world way to pierce through to the people and to the levels it needs to reach. The lack of feedback from their recent trip and the nonchalant attitude towards VoteCal (wasn't what was going on in CA part of the big hype for VOTE?) confirms this in my mind.